One Wealth Advisors LLC Grows Stake in Comcast Corporation (NASDAQ:CMCSA)

One Wealth Advisors LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 59.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,090 shares of the cable giant's stock after purchasing an additional 7,139 shares during the period. One Wealth Advisors LLC's holdings in Comcast were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Capital World Investors lifted its stake in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new stake in shares of Comcast in the fourth quarter worth $3,835,226,000. Geode Capital Management LLC lifted its position in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox lifted its holdings in shares of Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Comcast stock traded down $1.69 during midday trading on Friday, hitting $33.68. 32,916,863 shares of the company's stock were exchanged, compared to its average volume of 16,460,666. The stock has a 50-day moving average price of $35.01 and a two-hundred day moving average price of $35.24. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $125.75 billion, a P/E ratio of 8.28, a PEG ratio of 1.72 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMCSA shares. JPMorgan Chase & Co. decreased their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Evercore ISI reduced their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Morgan Stanley increased their target price on Comcast from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Moffett Nathanson raised their price objective on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.13.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.